Scott Coonrod: $1.2 Million Complaint Against Ex-FSC Advisor

An investor complaint against former Bend, Oregon financial advisor Scott Coonrod (CRD# 4311374) alleges that his trading activities resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he was previously registered as a broker with FSC Securities Corporation.

Mr. Coonrod’s BrokerCheck report discloses several investor complaints. One such complaint, filed in November 2022, alleges that as a representative of FSC Securities Corporation, he engaged in excessively aggressive trading activity. The pending complaint alleges damages of $1,228,822.

A second investor complaint, filed in October 2010, alleged that as a representative of Morgan Stanley & Company, he over-concentrated the client’s portfolio in unsuitable securities. In 2011 the complaint reached a settlement of $50,000.

A third complaint, filed in 2009, alleged that he made unsuitable investments in the customer’s account and failed to follow instructions to execute a sell order. In 2010 the complaint reached a settlement of $140,000.

According to the Financial Industry Regulatory Authority, Scott Coonrod holds 22 years of securities industry experience. Most recently based in Bend, Oregon, he was registered a broker and an investment advisor registered with FSC Securities Corporation from 2017 until 2022. His registration history includes Morgan Stanley and Citigroup Global Markets. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is no longer registered with any state or firm. (Information current as of January 24, 2025.)

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